L & S Advisors Inc Takes $7.48 Million Position in The TJX Companies, Inc. $TJX

L & S Advisors Inc purchased a new position in shares of The TJX Companies, Inc. (NYSE:TJX) in the 3rd quarter, Holdings Channel reports. The institutional investor purchased 51,744 shares of the apparel and home fashions retailer’s stock, valued at approximately $7,479,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Brighton Jones LLC grew its holdings in TJX Companies by 113.7% during the fourth quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer’s stock worth $1,817,000 after acquiring an additional 8,002 shares during the period. Revolve Wealth Partners LLC boosted its position in shares of TJX Companies by 12.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer’s stock worth $262,000 after purchasing an additional 235 shares in the last quarter. Bison Wealth LLC boosted its position in shares of TJX Companies by 32.9% during the 4th quarter. Bison Wealth LLC now owns 3,856 shares of the apparel and home fashions retailer’s stock worth $466,000 after purchasing an additional 955 shares in the last quarter. United Bank grew its stake in shares of TJX Companies by 7.6% during the 2nd quarter. United Bank now owns 16,298 shares of the apparel and home fashions retailer’s stock worth $2,013,000 after purchasing an additional 1,155 shares during the period. Finally, Chicago Partners Investment Group LLC increased its holdings in shares of TJX Companies by 24.2% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 5,422 shares of the apparel and home fashions retailer’s stock valued at $685,000 after purchasing an additional 1,055 shares in the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Performance

Shares of TJX opened at $157.27 on Thursday. The TJX Companies, Inc. has a 1 year low of $112.10 and a 1 year high of $159.48. The company’s 50 day simple moving average is $154.56 and its 200 day simple moving average is $146.40. The company has a market capitalization of $174.64 billion, a price-to-earnings ratio of 34.72, a PEG ratio of 3.00 and a beta of 0.74. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.43 and a current ratio of 1.09.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, November 19th. The apparel and home fashions retailer reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.06. TJX Companies had a return on equity of 58.30% and a net margin of 8.68%.The company had revenue of $15.12 billion for the quarter, compared to analyst estimates of $14.80 billion. During the same quarter in the prior year, the company posted $1.14 EPS. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. On average, sell-side analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 5th. Stockholders of record on Thursday, February 12th will be given a $0.425 dividend. The ex-dividend date of this dividend is Thursday, February 12th. This represents a $1.70 annualized dividend and a dividend yield of 1.1%. TJX Companies’s dividend payout ratio is presently 37.53%.

Analysts Set New Price Targets

A number of research firms recently commented on TJX. Wells Fargo & Company reissued a “positive” rating and set a $150.00 price objective (up previously from $145.00) on shares of TJX Companies in a report on Tuesday, December 16th. Guggenheim raised TJX Companies to a “strong-buy” rating in a research note on Wednesday, December 10th. Evercore raised their price objective on TJX Companies from $162.00 to $165.00 and gave the company an “outperform” rating in a research note on Thursday, November 20th. BTIG Research reaffirmed a “buy” rating and set a $165.00 price objective on shares of TJX Companies in a report on Thursday, November 20th. Finally, TD Cowen reissued a “buy” rating on shares of TJX Companies in a report on Thursday, November 20th. Two analysts have rated the stock with a Strong Buy rating and twenty-two have given a Buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $163.86.

Insider Activity

In other TJX Companies news, CEO Ernie Herrman sold 24,363 shares of the business’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $151.31, for a total value of $3,686,365.53. Following the transaction, the chief executive officer owned 510,780 shares in the company, valued at $77,286,121.80. The trade was a 4.55% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Amy B. Lane sold 500 shares of the firm’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $151.40, for a total value of $75,700.00. Following the sale, the director owned 22,212 shares of the company’s stock, valued at $3,362,896.80. This represents a 2.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.13% of the company’s stock.

TJX Companies Company Profile

TJX Companies, Inc is a leading off-price retailer of apparel, footwear, home fashions and other consumer goods. The company operates multiple retail concepts that offer discounted brand-name and designer merchandise, including well-known banners such as T.J. Maxx and Marshalls in the United States, HomeGoods for home furnishings, TK Maxx in parts of Europe, and Winners and Homesense in Canada. Merchandise categories span women’s, men’s and children’s apparel, accessories, beauty, home décor, kitchenware and small furniture, with frequent changes in assortment that create a “treasure-hunt” shopping experience for consumers.

The company’s business model centers on opportunistic buying, purchasing excess, irregular or out-of-season inventory from manufacturers, department stores and other suppliers, and passing savings to customers through lower prices.